By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion on a fully diluted basis in its U.S. initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency. New York-based Circle and some existing investors are looking …
Stablecoin giant Circle targets $6.7 billion valuation in US IPO Read More »
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays. The government aims to have …
Japan poised to sweeten offshore wind rules as players get cold feet Read More »
By Howard Schneider, Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) -U.S. Federal Reserve staffers have scrambled since January to decipher what Trump administration trade policies will mean for the economy, with published tallies of potential income losses, inflation estimates running as much as 2 percentage points higher, and breakdowns showing state-by-state winners and losers. The research papers …
Trump’s tariff blitz prompts ‘firefighting’ response from Fed researchers Read More »
By Danial Azhar KUALA LUMPUR (Reuters) -Southeast Asian leaders reached an understanding on Tuesday that any bilateral agreements they might strike with the United States on trade tariffs would not harm the economies of fellow members, Malaysia’s premier Anwar Ibrahim said. Anwar, the current chair of the Association of Southeast Asian Nations, said there was …
ASEAN leaders agree tariff deals with US should not harm fellow members Read More »
WASHINGTON (Reuters) -U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, though households continued to worry about tariffs raising prices and hurting the economy. The Conference Board said on Tuesday its consumer confidence index increased 12.3 points to 98.0 this month. …
US consumer confidence improves in May, tariffs anxiety lingers Read More »
WASHINGTON (Reuters) – National Public Radio and three Colorado public radio stations are suing the Trump administration over the president’s executive order to cut federal funding for public broadcasting, NPR said on Tuesday. U.S. President Donald Trump’s order against NPR and fellow public broadcaster PBS earlier this month barring the use of Congressionally appropriated funds …
NPR sues Trump, says funding cut violates First Amendment Read More »
By Aditya Soni (Reuters) – Salesforce said on Tuesday it would buy Informatica for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market. The cloud-software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing for …
Salesforce to buy Informatica for $8 billion to bolster AI data tools Read More »
(Reuters) -AutoZone Inc on Tuesday reported a 6.6% drop in quarterly profit, as softening demand and currency fluctuations weighed on the auto parts retailer’s margins. The Memphis, Tennessee-based auto parts retailer has been under pressure from consumers pulling back on buying certain parts, pressuring margins. Its domestic same-store sales rose 5% in the third quarter …
AutoZone’s third quarter profit falls 6.6% on currency headwinds Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index is set to largely consolidate its recent gains through the rest of 2025 and could be at risk of another correction as the domestic economy shows signs of a slowdown due to U.S. tariffs, a Reuters poll found. The S&P/TSX Composite index has rebounded nearly …
TSX’s gains set to slow as trade war hits Canada’s economy:Reuters poll Read More »
LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Markets were left nonplussed by increasingly erratic U.S. tariff announcements over the weekend, although nerves have been soothed slightly by the reduction of tensions at the long-end of several major government bond markets. I’ll get …
Morning Bid: Trade confusion and long yield relief Read More »
